Space venture Astra and blank-check company Holicity said they have completed their merger.
The transaction forms a publicly traded pure-play space company and is expected to start trading on the Nasdaq today under ASTR for common stock and ASTRW for Astra warrants.
Astra raised approximately $500 million in cash proceeds from the transaction through Holicity’s $300 million cash in trust and a $200 million fully committed common stock PIPE.
Announced in February, the transaction is estimated to result in a pro forma enterprise value of approximately $2.1 billion for the combined company. Read more.
